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What is Chardon TIF Residential Incentives Summary about?

This document provides an overview of Option A for a Residential Incentive District (RID) in Geauga County and the City of Chardon. Option A is a rolling exemption that provides a 100% property tax exemption for new homes in years 1-10, and a 50% exemption for years 11-30. The summary estimates that over 50 years, Option A would result in over $10 million in lost revenue for the county. A table models the estimated annual property tax collection and distribution to the county, city, and other funds under th

Author

The News-Herald

Language

EN